Food Ingredients Company Investment Opportunity in Mumbai, India
Established | 5-10 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 300 thousand |
Run Rate Sales | USD 970 thousand |
EBITDA Margin | Operating at loss |
Industries | Food Ingredients |
Locations | Mumbai |
Local Time | 7:39 AM Asia / Kolkata |
Listed By | Advisor / Business Broker |
Status | Active |
- All the judges of Shark Tank, appreciated the taste of the products. Aman Gupta, founder, of BOAT, found the products "mindblowing"
- Namita, Founder, of Emcure Pharma found the packaging very attractive.
- Vineeta, CEO, of Sugar Cosmetics told that she will steal a bottle and carry home.
- Anupam Mittal, serial investor, and founder Shaadi. com gave a 10 on 10 to the products.
Business Highlights.
- Company has sold over a million bottles of its chutney and is available in 5 cities Mumbai, Delhi, Bangalore, Hyderabad, and Kolkata.
- Online, it is active on all leading marketplaces in India and Amazon USA. It will be adding UAE and Europe to its online sales channels.
-Since 2 years, the company has grown almost 3X from about INR 25 Lacs MRR to INR 70 Lacs as of the end of last year.
- ARR of Rs 8.5 crores sold at 63% gross margins.
- Company intends to build a topline of 100 crores in the next 24-26 months.
- The company wants to raise an Rs. 5 crore pre-series A round immediately to build the topline to about INR 1.5 crores in the next 6-8 months and reach an ARR of 2.5 Crores by the end of this year.
Update since Shark Tank 2.
- Monthly revenue increased by 25% (55l – 70l)
- New variants at higher price point has helped improve Gross Margin (CM1) by 3%
- Shift in channel focus: Moved from online to offline leading to control lesser spending on acquisition (improving CM2)
- New partnerships to build a retail footprint to over 30,000 stores from 1,500 stores.
- Significant improvement in EBITDA.
Company is asset lite. The brand is the only asset.
- Investors have approx 24.4%. Rest all with 3 founders.
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Earlier than 15 daysFounder, Sports Media, Noida, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysFounder, Real Estate Developer, Rourkela, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysMD - SBL, Financial Services, Mumbai, Individual Investor / Buyer connected with the Business